It’s Friday And The “Muppets” Are Asking Goldman About The Nasdaq
“Quoth muppets, quoth Goldman”…
Trump Fires Angella Reid, Who Made The Mistake Of Being Both Black And A Woman
“We are very grateful for her service and wish her the very best”…
This Chart Definitely Doesn’t Show The ECB Rescuing France
“That’s just not how it works.”
One Trader Talks Commodities Carnage, A Witching Hour Reversal, And More
“Stopping after slicing through, but very near, significant lows from last May, September and November. What is one trader’s, “this thing is never going to go up again, so sell any bounce†is another’s, “wow, did you see that quadruple bottom?†The fact that the rally happened almost simultaneously with the Salem, Massachusetts witching hour will certainly get the attention of market forecasters who use methods other than strictly orthodox technical analysis.”
Goldman Asks: “Is This The Next Shoe To Drop”?
“Additionally, the number of CCC-rated retail and apparel issuers has tripled over the past six years, with the share of CCC issuers in the Retail sector rising to the highest level since the recession at nearly 14%”…
Guest Post: Another FU?
“The market is way too cavalier about this weekend’s election. In modern history, there has never been a French election without one of the two main parties being in the second round. This is unprecedented. If someone tells you they know how the French electorate will behave, they are deluding themselves.”
Two Words For Junk: “5th Percentile”
“Moving over the small hump of the French election and back to 2014 we go.”
Jobs Report Beats
U.S. April Nonfarm Payrolls Rose 211k; Unemp. Rate at 4.4%
Barclays Does Best “Frank The Tank” Impression: Don’t “Freak Out” On Commodities
“That’s right! We can’t have anyone freak out out there, ok?”
Contagion Warning: “There’s Nowhere Really To Hide” As Bloodbath In Commodities Continues
Oh, boy. Well, it got worse for the beleaguered metals complex overnight. After a harrowing
This Is The “Single Largest Macro Factor” Shaping Markets
“Oil is being hit by rising U.S. production, copper’s fall was triggered by the whopping LME stockpile-build, iron ore slumped on China concerns, agricultural commodities reversed after a U.S. storm caused less damage than originally feared, and gold is getting hit by the marginally more hawkish Fed and the perceived reduction in European political risk.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
In Your Own Little “Bubble”
All I know is that things are looking choppy here on the island…
Travesty Of Justice: Bombay Sapphire Recalled For Getting People Too Drunk
Clearly, there is only one question worth asking here…
“Will The Gold Sell-Off Continue?” Goldman Answers
The Heisenberg crowd is well aware of how we feel about gold. Although it might
Kolanovic: Here’s What Could Make “Volatility Explode”
Gandalf is back. A couple of weeks after retracting (at least partially) his “buy every
This Is What A Contrarian Indicator Looks Like
“In the month following that extreme short positioning reading, 10y rates rallied 16bp as specs closed out almost the entirety of their shorts. 10y rates are lower by 30bp since their 13 March close. Positioning has now swung the other way, and we think this bodes well for bond bears over the next month.”
Yesterday, Goldman Brought Out Their “Metal Detector” – And Then Today, Tomorrow Happened
“The substantial move lower today was predominantly driven by ‘micro’ and technical factors, in our view, though it was set against a backdrop of broader macroeconomic concerns.”
Halloween-Themed Russian Propaganda Site Uncovers Nefarious Syria Plot
“…at the separate command of a mastermind.”
Good News! There’s A 2/3 Chance This Recovery Will Be The Longest In US History
“The bad news is that medium-term recession risk is now rising.”
Guest Post: Wallace Prepares To Buy Some Silver
“The hardest trades are often right ones. I am not sure if it is brave or stupid (and probably a bit of both), but I am going to be buying silver down here.”
“Psst!”: Be Wary Of Those Trying To “Sell You A Narrative”
“Not every change in asset prices signals a new and lasting paradigm shift.”
Thursday Humor: Define Irony
Presented with no comment…
Here’s The Metals Mayhem In One Idiot-Proof Chart
Ok, so this is a simple one and that’s on purpose.
Albert Edwards Is Back From Barbados And He’s Got (A Lot) He Wants To Tell You
The problem with ‘healthy debateÂ’ is that so many people back themselves into a corner and take any contrary opinion as a personal attack on their very identity as a human being.”
Bloodbath: “Nightmarish Picture” For Iron Ore Triggers Metals Mayhem
“Iron ore demand is waning, which, against backdrop of near-record/record inventories and aggressive Chinese and seaborne supply, paints a nightmarish picture”…
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